Turkey’s Manta Shipping has carried out a remarkable asset play, selling a 17-year-old LPG carrier at a significant mark-up to what it bought it for less than two years ago.
Clarksons reports the Istanbul-based company is selling the 38,500-cbm Manta Salacak (built 2007) to South Korean chemicals player Lotte Fine Chemical for $40m.
Manta bought the ship in July 2022 from US-listed StealthGas and partners for almost $28m.
